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SEATTLE, WA-Asking rents in the new South Lake Union building aren't what the developers originally envisioned, but Bryan Syrdal says they're workable and the building is attracting tenants. The first to sign is the Seattle bio-tech company, Zymogenetics.
SCHAUMBURG, IL-Three recent deals include Computer Strategy Coordinators, Inc.'s renewal of 25,222 sf at Two Woodfield Lake, where space is offered at $23 per sf gross. Also, Stewart Title renews a 4,000-sf lease at 1515 E. Woodfield Rd.
HOUSTON-Four CB Richard Ellis brokers launch a tenant search for the flagship product in Panattoni Development's Beltway 8 Corporate Business Park. Panattoni is teaming with MetroNational on the 117-acre development.
GILBERT, MN-The Iron Range Resources and Rehabilitation Board, a regional economic development agency, will help Eagan, MN-based Delta Dental Plan of Minnesota finance and build a permanent 10,000-sf facility.
ENCINO, CA-A private partnership acquires 32,000-sf office building at 16000 Ventura Blvd. Brokerage firm NAI Capital Commercial will move into the complex next year.
OVERLAND PARK, KS-The commercial real estate loan serving company will lease 133,000 sf of office space at the suburban office campus beginning in July, moving from 210 W. 10th St. in Kansas City.
POWAY, CA-An $11-million, 80,878-sf deal closes at the Parkway Centre Five Business Park along with a $7-million, 37,627-sf deal at the Parkway Tech Center close. The lessees are Remec Inc. and GenRad Inc., respectively.
PORTLAND-A legal dispute over the city's systems development charges related to Downtown's newest office tower is settled with developer Tom Moyer receiving a $123,326 refund.
WASHINGTON, DC-The Service Employees International Union (SEIU) says Boston Properties' collection of undeveloped land has grown at a potentially hazardous pace. SEIU's Boston Properties Watch--the union's information service that operates independently of the REIT--reports that Boston Properties' land bank has increased by 45% over the last 18 months.
ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.